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Proposition ASabine Pass Port Authority (Jefferson County)
FAILEDSabine Pass Port Authority 2006 Capital Infrastructure & Facility Improvement Bond Proposition
May 2006 Sabine Pass Port Authority Uniform General & Special Election • Canvassed on 2006-05-06
Official Certified Canvass Outcome
FOR: 63 (48.1%)AGAINST: 68 (51.9%)
Total Ballots Cast on Proposition: 131
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Sabine Pass Port Authority to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR SABINE PASS PORT AUTHORITY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.